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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $205.12
- 3 Days on Market
- MLS # : 14509069
- Updated Date : 01/29/2021 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,089 sqft
- Baths : 3 full
Listing Agent
Highland Homes Realty
Listing Agent's Description
MLS# 14509069 - Built by Highland Homes - May completion! ~ One story home with a beautiful front covered patio. 11 foot tall ceilings and upgrades include, 3rd full Bath ilo Storage, Master Drop-in Tub separate Shower, Rear BrickMaster Bay Window Extended Outdoor Living, upgraded flooring, upgraded countertops in kitchen, upgraded Kitchen cabinets, etc. See onsite Sales Counselor for more details.
SEE MORE
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
- Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
- Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
- Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Union Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Union Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,488 |
| Property Tax | -$916 | |
| Property Insurance | -$148 | |
| HOA | -$108 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$669
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$428,486
PROJECTED PRICE
$2,090
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$115,549
LOAN DETAILS
$1,488
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $107,122 |
| Loan Amount | $321,365 |
-0.08
YEARS SAVED
-$5
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,032
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
7016 Spring Park Drive Little Elm, TX 3
- 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,090
- $1.00
-
1004 Caudle Lane Savannah, TX 1
- 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2008
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,950
- $0.97
-
1009 Appalachian Lane Savannah, TX 2
- 3 beds 3 baths ∙ 2,141 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,141 Sqft ∙ Built 2009
![property image]()
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,999
- $0.93
-
1224 Hayden Lane Savannah, TX 4
- 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2008
![property image]()
LEASED 11/30/20- Rent
- Rent Per SQFT
- $2,100
- $0.94
-
5104 Pavilion Way Little Elm, TX 5
- 3 beds 2 baths ∙ 2,141 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,141 Sqft ∙ Built 2017
![property image]()
LEASED 07/02/20- Rent
- Rent Per SQFT
- $2,250
- $1.05
PROPERTY LISTING DETAILS
Highland Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509069
Last Updated: 01/29/2021
